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While a weakening rupee is a dampener for foreign investment inflows into India, export-oriented companies could benefit from the fall in the local currency, as they become more competitive against China, Mark Mobius, chairman of Mobius Emerging Opportunities Fund, said on Friday. “I would look at export-oriented companies to begin with because of the currency

By Surender Negi With interest in the unlisted space growing, several smaller firms are deploying innovative ways to tap small investors. These include benchmarks to track the direction of the unlisted space, like the Sensex and the Nifty, and low-ticket investment value. There are at least two benchmarks for the unlisted space, first of which

Noting that its current expensive valuations pose a downside risk to Bajaj Housing Finance, Kotak Institutional Equities has initiated coverage on the stock with a ‘sell’ rating and a target price of Rs 100. This signals a potential downside of 21% in the stock, it said. “Bajaj Housing Finance trades rich (4.7X book and 39X

Fast-moving consumer goods (FMCG) companies may report low-single-digit revenue growth in the December quarter of FY25 owing to sluggish urban demand and persistently high input costs, analysts as well as companies said. “We expect volume growth deceleration across the board, given the slowing urban demand and a gradual rural recovery,” analysts at Kotak Institutional Equities

Nishant Pitti, who stepped down as the CEO of Easy Trip Planners on January 1, has said that he will not be selling any more stake in the company.  In December, he sold a 1.4% stake in the company for Rs 78 crore. In September 2023, he had sold another 14% stake for Rs 920

The Securities and Exchange Board of India (SEBI) has issued JM Financial an administrative warning over regulatory non-compliance during the initial public offering (IPO) of its client, Western Carrier (India). Shares of the investment banking firm erased their earlier gains, falling 2.3% to close at Rs 129.90 on the NSE after it informed the stock

India’s import of Russian crude oil declined by 13.2% to 1.39 million barrels per day in December against 1.61 million barrels per day in November, data from Vortexa showed. However, Russia remained the largest crude supplier to the country in December accounting for 31% of India’s total crude oil imports. The country’s overall crude oil

After rising 2.3% in the first two days of the calendar year, investors resorted to profit-booking on Friday, leading to a decline of up to 0.90% in the benchmark indices. However, the indices managed to close the week with gains of up to 0.80%, marking the second consecutive weekly rise. The Sensex opened over 129